Wednesday, December 15, 2010
The trade becomes fluent
Many people look on the bright side of the international trade. Due to these kinds of organizations and people who support the international trade, the free trade market system becomes popular more and more. As it is, almost every country in the world chose open economy system that is similar expression to the free trade market. According to The Levin Institution, The State University of New York, “This current wave of globalization has been driven by policies that have opened economies domestically and internationally. In the years since the Second World War, and especially during the past two decades, many governments have adopted free-market economic systems, vastly increasing their own productive potential and creating myriad new opportunities for international trade and investment. Governments also have negotiated dramatic reductions in barriers to commerce and have established international agreements to promote trade in goods, services, and investment. Taking advantage of new opportunities in foreign markets, corporations have built foreign factories and established production and marketing arrangements with foreign partners. A defining feature of globalization, therefore, is an international industrial and financial business structure.” If a country adopts open economy system, that country is free to trade of many kinds of things with other countries, because there is no duty and any regulation. In other words, the removal of barriers such as duty or regulation helps the trade free. Therefore, the trade becomes fluent more and more.
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Hyunju Shin 41
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